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Morgan Stanley is introducing a new portfolio for investors tied to the most prominent sports leagues. Morgan Stanley is hoping to change that. The idea for the new offering first came about when a Morgan Stanley client asked the bank to design a portfolio made up of the companies that support a specific sport. "This one person represents many, and multiples of many that are looking to invest in sports as a fan looking to get engaged." Morgan Stanley says the portfolio will mimic the risk characteristics of the S&P 500.
Persons: Morgan Stanley, Sandra Richards, Morgan Stanley's, Richards Organizations: Thursday, League, Sports, Morgan Stanley's Global Sports, Entertainment, Nielsen Sports
The Mary Rose was one of the largest warships of the Tudor navy during King Henry VIII’s reign until it sank on July 19, 1545, during a battle against the French. The Mary Rose was one of them, and the flagship became the king’s favorite. The hull of the Mary Rose, supported by a steel cradle attached to a lifting frame, was raised on October 11, 1982. The research team used Raman spectroscopy, a nondestructive method that preserves valuable samples, to study the bones, Shankland said. “Investigating the impact of this on the spine would further our understanding of bone chemistry changes with age, but also with stress from activity.”
Persons: Mary Rose —, Mary Rose, King Henry VIII’s, , Sheona, Henry VIII, Alex Hildred, ” Hildred, , Shankland, Adam Taylor, ” Shankland, Tudor, Richard Madgwick, Madgwick, ” Madgwick, Dr Organizations: CNN, Tudor, Solent, Mary Rose Museum, telltale, Lancaster Medical, Lancaster University, , Mary, University of Glasgow, Fox, Getty, Cardiff University Locations: Solent, Isle of Wight, Great Britain, Portsmouth, England, Brest, France, Scotland, Tudor England
Apple CEO Tim Cook inspects the new iPhone 16 during an Apple special event at Apple headquarters on September 09, 2024 in Cupertino, California. "That should be expected, as Apple Intelligence features (the only reason to upgrade)have yet to be rolled out in a significant way." U.S. carriers, including AT&T, Verizon and T-Mobile, have also seemed unexcited about an Apple Intelligence upgrade cycle. But research firm Counterpoint Research told CNBC in October that iPhone sales, especially for the lower-priced devices, were strong in China. WATCH: Apple Intelligence rollout could be an inflection point, says Futurum Group CEO's Daniel Newman
Persons: Tim Cook, Apple doesn't, Morgan Stanley, Erik Woodring, Davidson, Gil Luria, We're, John Stankey, Malif Atik, Apple, Luca Maestri, Maestri, Kevan Parekh, CEO's Daniel Newman Organizations: Apple, Apple Intelligence, Verizon, Mobile, Huawei, Citi, Research, CNBC, Apple Watch, LSEG, Major League Soccer Locations: Cupertino , California, Spanish, U.S, China, Apple's
AdvertisementThis as-told-to essay is based on a conversation with Peter Warwick, the CEO of Scholastic based in New York City about his daily routine. I became president and CEO of Scholastic in August 2021 after serving as an independent director on its board since 2014. I read The New York Times, Wall Street Journal, and Financial Times for world, political, and business news. Scholastic Inc.Outside Scholastic office visits, I attend important conferences related to publishing and education, such as the Frankfurt Book Fair in October. Scholastic Inc.As we wind down at the end of the day, Helen and I solve The New York Times "Connections" puzzle together before heading to bed.
Persons: Peter Warwick, Warwick, , It's, I've, I'm, Helen, it's, Underpants, Captain Underpants, Jane Zhang Organizations: Scholastic, Service, Thomson Reuters, Pearson, New York Times, Wall Street Journal, Financial Times, English Premier League, Arsenal, The Guardian, London Times, Daily Telegraph, Village, Scholastic Inc, Scholastic HQ, Warwick Locations: New York City, The, Hudson, Greenwich Village, SoHo, Clifford's, Cumberland, Assam, Warwick, New York, Jefferson City , Missouri, Frankfurt
Members of the Los Angeles Dodgers celebrate on the field after winning Game 5 to win the 2024 World Series presented by Capital One between the Los Angeles Dodgers and the New York Yankees at Yankee Stadium on Oct. 30, 2024. The Los Angeles Dodgers won their second World Series championship in five seasons, overcoming a five-run deficit with the help of three Yankees defensive miscues and rallying on sacrifice flies from Gavin Lux and Mookie Betts in the eighth inning to beat New York 7-6 in Game 5 on Wednesday night. Aaron Judge and Jazz Chisholm Jr. hit back-to-back home runs in the first inning, Alex Verdugo's RBI single chased Jack Flaherty in the second and Giancarlo Stanton's third-inning homer against Ryan Brasier built a 5-0 Yankees lead. But errors by Judge in center and Anthony Volpe at shortstop, combined with pitcher Gerrit Cole failing to cover first on Betts' grounder, helped Los Angeles score five unearned runs in the fifth. After Stanton's sixth-inning sacrifice fly put the Yankees back ahead 6-5, the Dodgers loaded the bases against loser Tommy Kahnle in the eighth before the sacrifice flies off Luke Weaver.
Persons: Gavin Lux, Mookie Betts, Aaron Judge, Jazz Chisholm, Alex Verdugo's, Jack Flaherty, Giancarlo Stanton's, Ryan Brasier, Anthony Volpe, Gerrit Cole, Betts, grounder, Stanton's, Tommy Kahnle, Luke Weaver Organizations: Los Angeles Dodgers, Capital, New York Yankees, Yankee, Yankees, New York, Dodgers Locations: Los Angeles
New York CNN —Apple CEO Tim Cook said the company’s Apple Intelligence AI tools would “supercharge” the iPhone 16 when he introduced the new device last month. Now the world is about to get its first glimpse of whether the promise of Apple’s artificial intelligence technology is also supercharging deflated iPhone sales. That means people who bought the iPhone 16 in the first month it was on sale didn’t have access to those AI features until just recently. That figure will include sales of earlier iPhone models that happened during the quarter, too, but could indicate that the iPhone 16 helped raise sales slightly. In the year-ago quarter, when the iPhone 15 launched, iPhone sales grew about 2.8% year-over-year.
Persons: Tim Cook, supercharge, Wall, , Angelo Zino, Dan Ives Organizations: New, New York CNN, Apple, Apple Intelligence, Wall, CFRA Locations: New York, China
It was is the first major release from Microsoft's new consumer AI org, under Mustafa Suleyman. It was the first major product release from Mustafa Suleyman's new Microsoft AI group, and it's had a mixed reception so far. AdvertisementHigh expectationsMicrosoft hired Suleyman in March to oversee consumer AI products such as the Bing search engine and the Copilot AI chatbot . For instance, Suleyman's consumer Copilot app is separate from an AI Copilot tool that Microsoft offers as part of its M365 suite of business software. User feedbackIn the public App Store reviews, users complained about several specific issues that have arisen since the consumer AI Copilot app was updated Oct. 1.
Persons: Mustafa Suleyman, , Mustafa Suleyman's, it's, Suleyman, Susanne Franz, Divya Kumar, Kumar Organizations: Microsoft, Service, Business, Copilot
Never before had a team rallied to win the World Series after losing the first three games. These Yankees made history, but not the way they wanted – they are the only team to blow a five-run lead while facing elimination from the World Series. Then came something that’s always trouble: a little roller along first by a guy named Mookie in a World Series game in New York. AdvertisementIt was only the seventh game in World Series history in which a team lost after leading by five or more runs. And that no team in 54 years had won even once after losing the first three games of a World Series.
Persons: Aaron Boone, , Tommy Kahnle, , Gerrit Cole, Aaron Judge, Anthony Volpe, Cole, that’s, Mookie Wilson’s dribbler, Bill Buckner, We’ll, Buckner, Bob Stanley, Wilson, – Betts, I’ve, Garry Maddox, Judge, Freddie Freeman, hadn’t, Judge couldn’t, Will Smith, Volpe, Jazz Chisholm, Freeman, ” Freeman, Kiké, ” Cole, Anthony Rizzo, ” Rizzo, Balls, You’ve, Betts, Chisholm, Rizzo, Mickey Owen’s, Fred Snodgrass ’, Don Denkinger’s, Mariano Rivera’s, Wally Skalij Organizations: York Yankees, Yankees, Los Angeles Dodgers, Dodgers, Mets, Boston Red Sox, Philadelphia Phillies, Jazz, Brooklyn Dodgers, Los Angeles Times, Getty Locations: New York, Los Angeles
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCarvana CEO on Q3 earnings beat: In the last two years we've found a new gear in operationsErnest Garcia, Carvana CEO, joins CNBC's 'Money Movers' to discuss third-quarter earnings, used car demand, and more.
Persons: we've, Ernest Garcia
Trump's policies could leave the US economy with two major challenges, Paul Krugman said. Krugman pointed to Trump's economic plan, which economists have described as inflationary. Trump's deportation plans could also hit the economy, given that immigration has boosted the job market. AdvertisementThe US could be in for twin shocks if Trump becomes president for a second time, Nobel economist Paul Krugman said. Trump's general economic plan is also widely thought to be more inflationary than Harris's.
Persons: Paul Krugman, Krugman, , Trump, Harris Organizations: Service, Peterson Institute for International Economics, Financial Times, University of Chicago, American Immigration, New York Times Locations: York
When Todd Graves looks at resumes, one trend stands out to him: the prevalence of job-hopping. Graves, 52, is the billionaire CEO and co-founder of Raising Cane's Chicken Fingers, a restaurant chain with more than 800 locations across the U.S., its territories and the Middle East. 1 red flag when hiring new corporate employees is a resume that shows frequent job changes every two to three years, he says. "When they're more into title and control versus teamwork, it's a huge red flag for me," says Graves. He says he's noticed a "huge correlation to success" for employees when they care about what happens to their colleagues, team and organization as a whole — rather than focusing solely on their own career growth.
Persons: Todd Graves, Graves, he's Organizations: CNBC Locations: U.S
Investment banks also suggested that stocks that had dipped ahead of the budget are likely to now gain on better-than-expected outcomes. "The U.K. budget was a clear signal that the new govt. Banks Investors in U.K. bank stocks will also be relieved as no new tax measures were applied to lenders specifically. RBC Capital Markets analysts echoed the view, saying the budget "included no major surprises relevant to the wealth sector." Any changes to the rules were a "relatively benign outcome for the sector" and removed an "event risk" for stocks, the investment bank said.
Persons: Roberta Ciaccia, Balfour Beatty, Rachel Reeves, Jefferies, Graham Hunt, Balfour Beatty's, AJB's, Genuity, Canaccord Genuity, Alex Brooks, Brooks Macdonald Organizations: Labour, City, Investment, Infrastructure Civil, U.K . Finance, Jefferies, Rail, Defence, Banks, RBC Capital Markets, AIM, London Stock Exchange's, Ashtead Tech, Aquis, FactSet, RBC, Tatton Asset Management Locations: Transport, Britain, Quilter
A new regulatory rule finalized this month by the Consumer Financial Protection Bureau aims to reduce that hassle and make it easier, more secure and always free for customers to switch accounts or to simply transfer or share their financial data from their banks, credit card issuers and other financial service providers upon request. “The problem the CFPB (rule) is addressing is the paperwork required of consumers to change accounts. Financial providers must make this information available without charging fees.”The rule will also restrict how third parties may use and retain the data consumers request be shared. Banks push backThe banking industry wasted no time in expressing its displeasure with the new rule — known as the personal financial data rights rule. “Dodd-Frank only requires banks to provide financial data to consumers.
Persons: it’s, , Adam Rust, Rohit Chopra, ” Rust, , That’s, ” Chopra, Banks, Rob Nichols, , ” Jaret, “ Dodd, Frank, ” Seiberg, Chopra, they’ve Organizations: CNN, Consumer Federation of America, Consumer Financial, Federal Reserve Bank of Philadelphia, American Bankers Association, Bank Policy Institute, Kentucky Bankers Association and, Cowen Washington Research Group Locations: Kentucky Bankers Association and Kentucky, Las Vegas
The struggling fitness company is in the midst of a turnaround effort. Stern was most recently president of Ford Integrated Services and previously held a VP role at Apple. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The struggling fitness company said Thursday that Peter Stern, currently president of Ford Integrated Services and previously a VP at Apple, will be taking the helm on January 1. AdvertisementPeloton said in a statement announcing the news on Thursday that Stern was cofounder of Apple Fitness+, a subscription service for workout videos.
Persons: Peter Stern, Stern, , Barry McCarthy Organizations: Ford Integrated Services, Apple, Service
She's been a Timeless Torches dance team member for 16 years. She doesn't let her struggle with hearing loss stop her from pursuing her passion. As a kid, I thought everyone learned dance styles from around the world while in dance school, but that's often not the case. AdvertisementI didn't want my hearing loss to be a factor in my auditionWhen I was 46, I started to lose my hearing. AdvertisementOnce I was cast, I told the team about my hearing loss, and I now have cochlear implants.
Persons: Denise Bellog, She's, doesn't, , that's, didn't, I've, Disney, I'd, I'm, It's Organizations: Service, William Paterson University, Disney Locations: New Jersey, Newark , New Jersey, Philippines
Mandel Ngan | AFP | Getty ImagesHow I bond rates workI bond rates have a variable and fixed rate portion, which the Treasury adjusts every May and November. You can see the history of both parts of the I bond rate here. The variable rate is based on inflation and stays the same for six months after your purchase date, regardless of the Treasury's next announcement. How I bond rate changes affect current holdersIf you currently own I bonds, there's a six-month timeline for rate changes, which shifts depending on your original purchase date. But your fixed rate would remain at 1.30%.
Persons: Mandel Ngan, there's Organizations: US Department of Treasury, AFP, Getty, Treasury Locations: Washington ,
"All of these models have gotten quite complex and we can't ship as many things in parallel as we'd like to," Altman wrote during a Reddit AMA. Regarding the next version of DALL-E, Altman wrote that the "next update will be worth the wait" but that there's no "release plan yet." The move also positions OpenAI as more of a competitor to Microsoft, which has invested close to $14 billion in OpenAI. For Altman, Reddit isn't just a communications platform. WATCH: OpenAI takes on Google with ChatGPT search
Persons: Sam Altman, Altman, OpenAI, Sora, Kevin Weil, Srinivas Narayanan, Microsoft's Bing, Narayanan, Bing, Reddit isn't Organizations: Google, CNBC, AVM Vision, ChatGPT, Microsoft Locations: San Francisco , California, OpenAI, ChatGPT
SpaceX workers got stuck on a barge with a spaceship full of toxic fuel in 2010, a new book reports. After the Dragon spaceship's first flight, a SpaceX crew retrieved it from the ocean. A Dragon spaceship approaches the International Space Station with astronauts on board in 2021. That's why SpaceX workers immediately checked for leaks, according to the book. The Dragon spaceship went on to become a staple of NASA's programming, transporting supplies and astronaut crews to and from the International Space Station.
Persons: , Eric Berger, Elon Musk, Berger, Musk, Kevin Mock, Keegan Barber, Mock, Roger Carlson, Berger's, It's Organizations: SpaceX, Service, NASA, Ars Technica, International, International Space
(I’m) extremely honored to be a part of this.”On the field, Ohtani’s first World Series had not gone quite to plan. “I think there’s a legitimate argument that he’s the greatest player to ever play the game,” Friedman said. The case is also historical: The World Series has been played for more than a century. And somewhere was Freddie Freeman, the World Series MVP and two-time champ. “Not just technically, but also my professionalism.”He was, at last, a World Series champion.
Persons: Shohei Ohtani, Takashi Harada, Hiroshi Sasaki, Sasaki, Harada, Ohtani, , ” Ohtani, Hanamake, Tommy John, Kendrick Lamar, Andrew Friedman, Mark Walter, Walter, Friedman, , ” Friedman, , Kiyoshi Mio, Dave Roberts, Walker Buehler, Albert Pujols, Alex Rodriguez, Stan Musial, Yogi Berra, Mickey Mantle, Mike Schmidt, Roy Campanella, Jimmie Foxx, ” Roberts, Stan Kasten, “ We’re Jackie, Sandy, We’re Fernando, Mookie Betts, Freddie Freeman, Yoshinobu Yamamoto, Betts, Freeman, Roberts, “ I’ve, that’s, Mike Lawrence Organizations: Hanamake, High School, Nippon Professional Baseball, Los Angeles Angels, Dodgers, Los Angeles Dodgers, New York Yankees, Yankee, ” Dodgers, Major, Baseball, of Famers, Dodger Locations: Japan, Hanamake Higashi, Iwate Prefecture, Los Angeles, New York, Hanamake
Matt Escalante is the new VP of Brach's seasonal division, best known for its candy corn. The company knows its top treat is controversial — but it dominates a nearly $90 million market. AdvertisementIf you've eaten candy corn sometime in the last century, there's a good chance it came from Brach's. The confection giant is best known for cornering the candy corn market, churning out 28 million pounds of the candle-like candy each year and raking in $75 million of an $88.5 million candy corn market in 2022, according to data from the consumer research firm Circana. And while the candy corn market stays booming, the product itself — with its waxy texture, neon coloring, and saccharine aftertaste — is notoriously polarizing.
Persons: Matt Escalante, Escalante, , Brach's, Laffy Organizations: Service, Business, Twitter, Ferrara Candy Company, Street Journal Locations: Brach's, Escalante, Ferrara
The new year is commencing with most sectors — and stocks — being overvalued, according to Kotak's analysts. Here are four buy-rated Indian stocks with over 30% potential upside that analysts are betting on this Diwali. Kotak has a 12-month target price of 2,140 Indian rupees ($25.45) on the stock, implying around 40.8% potential upside. Other factors in its favor include regulatory tailwinds promoting recycling and the formalization of reverse charge mechanism on metal scrap, Kotak's analysts wrote in a Sept. 30 note. "SHK['s] tiny relative to global majors, but its technical capabilities are reputable," Kotak's analysts wrote in their Sept. 30 re-initiation report.
Persons: Kotak, Kelkar, Gabriel India, Organizations: South, Kotak Securities, Bombay Stock Exchange, Industries Fiem Industries, India's National Stock Exchange, Company, BSE, Anand, Gabriel Locations: India, automotives
Historical evidence then pointed the study authors to a Belgian tombstone export business thriving at the time, where they theorize the tombstone began its journey. Burial within a church was typically saved for high-status individuals and clergy, and Yeardley was one of two knights to die while the Jamestown church was in use, according to Jamestown Rediscovery. Colonial period cemeteries have suffered neglect and vandalism, with the Knight’s Tombstone likely surviving for as long as it did because vegetation concealed it, she added. It seems to be pretty inherent there in nature, but most (colonists) didn’t have the resources to import a nice carved stone,” Key said. “There were a lot of people being buried in the church, but only one of them had a big old black (limestone) tombstone from Belgium.”
Persons: , Marcus Key, Joseph Priestley, Sir George Yeardley, England, Marcus, Mary Anna Hartley, Hartley, Yeardley, Weeks, , ” Hartley, , Queen Elizabeth II’s, King George VI, George’s, didn’t Organizations: CNN, Tombstone, International, Philosophy, Dickinson College, Key, Dickinson College Geosciences, General Assembly, First Peoples Locations: United States, Jamestown , Virginia, North America, Europe, Belgian, Carlisle , Pennsylvania, Belgium, London, Jamestown, Ireland, Virginia, England, Tombstone, America, British, St, Windsor
While the hardware sales are certainly profitable, they pale in comparison to the profitability of Apple's Services. It's impossible to do consistently, and that's why Jim Cramer always says "own, don't trade" Apple stock. During the reported quarter, Apple returned over $29 billion to shareholders, including $3.8 billion in dividends and equivalents and another $25 billion via the repurchase of 112 million shares. Though Services sales missed the mark, gross income managed to outpace expectations thanks to significant year-over-year margin expansion. The growing installed base of active devices is of course translating into strong engagement with Apple's services.
Persons: Luca Maestri, that's, Jim Cramer, Time Cook, Apple, we're, Maestri, Jim Cramer's, Jim, Michael M Organizations: Apple, Samsung, Dell, HP Inc, of Asia, of Asia Pacific, Mac, Apple Watch, Apple Intelligence, Apple's Services, iOS, CNBC, Fifth, Santiago, Getty Locations: Apple's, Americas, Europe, Asia Pacific, Japan, Greater China, iPhones, Kantar, U.S, China, Australia, New York City
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNew UK budget plan might prove better for the economy in the longer term, economist saysDavid Owen, founder and chief economist at Saltmarsh Economics, discusses the U.K. Labour government's £40 billion tax raise in the newly disclosed budget plan.
Persons: David Owen Organizations: Saltmarsh, Labour
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